This week, we are awaiting reports on how bad the retail Christmas figures were. The market is expecting bad news, but how bad is a question for debate. Here are a few headlines being released this week:
- Costco Sales Fall 4%
- Sears Drops 7.3%
- Williams-Sonoma Comparable Sales Drop
- Macy's to Close 10 Stores
- Abercrombie Posts 20% Decline
- Limited Sales Down 10%
- Wal-Mart Expected to Outperform
- Weaker Holiday Gift Card Sales
- Supervalue Sales Decline
- Wal-Mart Steers Profit Forecasts Lower
- Saks and Nordstrom Remain Laggards
Note: Despite the above headline, even Wal-Mart's December sales were up only 1.7%, disappointing analysts, who expected a 2.8% increase. Sam's Club sales, like its competitor Costco, were down!
